SES (OTCMKTS:SGBAF) Reaches New 12-Month Low – What’s Next?

Ses S.A. (OTCMKTS:SGBAF) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $5.1750 and last traded at $5.27, with a volume of 1000 shares traded. The stock had previously closed at $5.4585.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SGBAF shares. Barclays cut shares of SES from an “equal weight” rating to an “underweight” rating in a research note on Monday, July 6th. New Street Research lowered SES from a “neutral” rating to a “sell” rating in a research note on Tuesday, June 2nd. Finally, Zacks Research raised SES to a “hold” rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Sell”.

SES Price Performance

The company has a market cap of $2.94 billion, a P/E ratio of -5.99 and a beta of 0.98. The firm’s 50-day moving average is $6.28 and its two-hundred day moving average is $7.63. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.04 and a quick ratio of 0.95.

SES (OTCMKTS:SGBAF) last issued its quarterly earnings data on Thursday, July 30th. The company reported ($0.32) EPS for the quarter. The business had revenue of $877.72 million during the quarter. SES had a negative return on equity of 9.43% and a negative net margin of 8.96%. Analysts anticipate that Ses S.A. will post 0.05 earnings per share for the current year.

About SES

SES SA is a Luxembourg-based satellite communications company that provides connectivity and content distribution services to customers worldwide. The company operates a multi-orbit satellite fleet combining geostationary orbit (GEO) and medium Earth orbit (MEO) systems, enabling it to deliver broadband, video, mobility and data services across a range of markets.

SES serves broadcasters, media companies, telecommunications operators, enterprises, governments and other organizations. Its offerings include television and video distribution, managed connectivity, cloud and networking services, and communications for aviation, maritime and remote locations.